Andrew Joseph Fairchild

BrokerCheck Report

Andrew Joseph Fairchild

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 1959274

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2 - 4

6 - 7

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Page(s)

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Andrew J. Fairchild

CRD# 1959274

Currently employed by and registered with thefollowing Firm(s):

NEWBRIDGE SECURITIESCORPORATION1200 NORTH FEDERAL HIGHWAYBOCA RATON, FL 33432CRD# 104065Registered with this firm since: 10/16/2019

B

NEWBRIDGE FINANCIAL SERVICESGROUP, INC.5200 TOWN CENTER CIRCLE, SUITE308BOCA RATON, FL 33486CRD# 130814Registered with this firm since: 01/09/2020

IA

Report Summary for this Broker

This report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.

Disclosure Events

All individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.

Are there events disclosed about this broker? Yes

The following types of disclosures have beenreported:

Type Count

Regulatory Event 2

Termination 1

Financial 1


This broker is registered with:

2 Self-Regulatory Organizations

2 U.S. states and territories

This broker has passed:

0 Principal/Supervisory Exams

3 General Industry/Product Exams

2 State Securities Law Exams

Registration History

This broker was previously registered with thefollowing securities firm(s):

KOVACK SECURITIES INC.CRD# 44848Parkland, FL12/2018 - 10/2019

B

INVESTACORP ADVISORY SERVICES INCCRD# 109011MIAMI, FL07/2018 - 12/2018

IA

INVESTACORP, INC.CRD# 7684PARKLAND, FL08/2014 - 12/2018

B

www.finra.org/brokercheck User Guidance

1�2021 FINRA. All rights reserved. Report about Andrew J. Fairchild.


http://www.finra.org/brokercheck

http://www.finra.org/brokercheck_reports



Registrations

This section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currently registered and licensed with, thecategory of each license, and the date on which it became effective. This section also provides, for every brokerage firm with which the broker iscurrently employed, the address of each branch where the broker works.

This individual is currently registered with 2 SROs and is licensed in 2 U.S. states and territories through his or her employer.

Employment 1 of 2Firm Name:

Main Office Address:

Firm CRD#:

NEWBRIDGE FINANCIAL SERVICES GROUP, INC.

130814

1200 NORTH FEDERAL HIGHWAYSUITE 400BOCA RATON, FL 33432

BU.S. State/ Territory Category Status Date

IA Florida Investment Adviser Representative APPROVED 01/09/2020

Branch Office Locations

This individual does not have any registered Branch Office where the individual is located.

Employment 2 of 2Firm Name:

Main Office Address:

Firm CRD#:

NEWBRIDGE SECURITIES CORPORATION

104065

1200 NORTH FEDERAL HIGHWAYSUITE 400BOCA RATON, FL 33432

SRO Category Status Date

B FINRA General Securities Representative APPROVED 10/16/2019

B FINRA Invest. Co and Variable Contracts APPROVED 10/16/2019

B Nasdaq Stock Market General Securities Representative APPROVED 10/16/2019





http://www.finra.org/brokercheck_glossary



Employment 2 of 2, continued

BU.S. State/ Territory Category Status Date

B Florida Agent APPROVED 01/09/2020

B New York Agent APPROVED 12/04/2020

Branch Office Locations

NEWBRIDGE SECURITIES CORPORATION1200 NORTH FEDERAL HIGHWAYSUITE 400BOCA RATON, FL 33432







Industry Exams this Broker has Passed

This individual has passed 0 principal/supervisory exams, 3 general industry/product exams, and 2 state securities law exams.

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a broker may attain a registrationafter receiving an exam waiver based on exams the broker has passed and/or qualifying work experience. Any exam waivers that the broker hasreceived are not included below.

Exam Category Date

Principal/Supervisory Exams

No information reported.

Exam Category Date

General Industry/Product Exams

Securities Industry Essentials Examination 10/01/2018SIEB

General Securities Representative Examination 12/18/1995Series 7B

Investment Company Products/Variable Contracts RepresentativeExamination

07/13/1989Series 6B

Exam Category Date

State Securities Law Exams

Uniform Investment Adviser Law Examination 07/19/2018Series 65IA

Uniform Securities Agent State Law Examination 06/29/1989Series 63B

Additional information about the above exams or other exams FINRA administers to brokers and other securities professionals can be found atwww.finra.org/brokerqualifications/registeredrep/.





www.finra.org/brokerqualifications/registeredrep/



Professional Designations

This section details that the representative has reported 0 professional designation(s).

No information reported.







Registration History

Registration Dates Firm Name CRD# Branch Location

The broker previously was registered with the following firms:

B 12/2018 - 10/2019 KOVACK SECURITIES INC. 44848 Parkland, FL

IA 07/2018 - 12/2018 INVESTACORP ADVISORY SERVICES INC 109011 Parkland, FL

B 08/2014 - 12/2018 INVESTACORP, INC. 7684 PARKLAND, FL

B 01/2003 - 08/2014 INVESTORS CAPITAL CORP. 30613 PARKLAND, FL

B 11/1996 - 12/2002 PMG SECURITIES CORPORATION 27107 ELGIN, IL

B 05/1996 - 11/1996 COMMONWEALTH EQUITY SERVICES, INC. 8032 WALTHAM, MA

B 08/1990 - 05/1996 PRIME CAPITAL SERVICES, INC. 18334 POUGHKEEPSIE, NY

B 07/1989 - 08/1990 VANTAGE FINANCIAL SERVICES, INC. 19611

B 07/1989 - 08/1989 FIRST INVESTORS CORPORATION 305 EDISON, NJ

Employment History

Employment Employer Name Investment RelatedPosition Employer Location

This section provides up to 10 years of an individual broker's employment history as reported by the individual broker on the most recently filedForm U4.

Please note that the broker is required to provide this information only while registered with FINRA or a national securities exchangeand the information is not updated via Form U4 after the broker ceases to be registered. Therefore, an employment end date of"Present" may not reflect the broker's current employment status.

10/2019 - Present NEWBRIDGE SECURITIESCORPORATION

REGISTEREDREPRESENTATIVE

Y BOCA RATON, FL, UnitedStates

12/2018 - 10/2019 Kovack Advisors, Inc. Investment Advisor Y Fort Lauderdale, FL, UnitedStates

12/2018 - 10/2019 Kovack Securities, Inc. RegisteredRepresentative

Y Fort Lauderdale, FL, UnitedStates

08/2014 - 12/2018 INVESTACORP INC REGISTEREDREPRESENTATIVE

Y MIAMI, FL, United States

01/2003 - 08/2014 INVESTORS CAPITAL CORPORATION FINANCIALCONSULTANT

Y LYNNFIELD, MA, UnitedStates







Employment History, continued

Other Business Activities

This section includes information, if any, as provided by the broker regarding other business activities the broker is currently engaged in either asa proprietor, partner, officer, director, employee, trustee, agent or otherwise. This section does not include non-investment related activity that isexclusively charitable, civic, religious or fraternal and is recognized as tax exempt.

1)DBA - Fairchild Financial Retirement Solutions, Inc. (Fairchild F.R.S. Inc.), Investment Related, Conducted from 11847 NW 69th Place,Parkland, FL 33076. The nature of the Outside Business Activity (OBA) is DBA/Fixed Insurance, my position in the organization is President.09/2015 was the start of the relationship with the other business and 165 hours are devoted to the other business per week and 8 hours aredevoted to the other business during securities trading hours per month.

2) Insurance: Life Agent/Variable Annuity






Disclosure Events

What you should know about reported disclosure events:

1. All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations,regulatory actions, employment terminations, bankruptcy filings, and criminal or civil judicial proceedings.

2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a broker is required to disclose a particular criminal event. o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules or conduct governing the

industry and that the activity resulted in damages of at least $5,000. o

3. Disclosure events in BrokerCheck reports come from different sources: o As mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers, brokerage firms and

regulators. When more than one of these sources reports information for the same disclosure event, all versions of the event willappear in the BrokerCheck report. The different versions will be separated by a solid line with the reporting source labeled.

o4. There are different statuses and dispositions for disclosure events:

o A disclosure event may have a status of pending, on appeal, or final.§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently being appealed.§ A "final" event has been concluded and its resolution is not subject to change.

o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or (2) an administrative

panel in an action brought by a regulator that is contested by the party charged with some alleged wrongdoing.§ A "settled" matter generally involves an agreement by the parties to resolve the matter. Please note that brokers and

brokerage firms may choose to settle customer disputes or regulatory matters for business or other reasons.§ A "resolved" matter usually involves no payment to the customer and no finding of wrongdoing on the part of the

individual broker. Such matters generally involve customer disputes.

For your convenience, below is a matrix of the number and status of disclosure events involving this broker. Further informationregarding these events can be found in the subsequent pages of this report. You also may wish to contact the broker to obtain furtherinformation regarding these events.

Final On AppealPending

Regulatory Event 0 2 0

Termination N/A 1 N/A

Financial 0 1 N/A






Disclosure Event Details

When evaluating this information, please keep in mind that a discloure event may be pending or involve allegations that are contested and havenot been resolved or proven. The matter may, in the end, be withdrawn, dismissed, resolved in favor of the broker, or concluded through anegotiated settlement for certain business reasons (e.g., to maintain customer relationships or to limit the litigation costs associated with disputingthe allegations) with no admission or finding of wrongdoing.

This report provides the information exactly as it was reported to CRD and therefore some of the specific data fields contained in the report maybe blank if the information was not provided to CRD.

Regulatory - Final

This type of disclosure event may involve (1) a final, formal proceeding initiated by a regulatory authority (e.g., a state securities agency, self-regulatory organization, federal regulatory such as the Securities and Exchange Commission, foreign financial regulatory body) for a violation ofinvestment-related rules or regulations; or (2) a revocation or suspension of a broker's authority to act as an attorney, accountant, or federalcontractor.

Disclosure 1 of 2

Reporting Source: Regulator

Regulatory Action InitiatedBy:

Florida Office of Financial Regulation

Sanction(s) Sought: Cease and DesistCivil and Administrative Penalty(ies)/Fine(s)

Date Initiated: 01/09/2020

Docket/Case Number: 97544-S

URL for Regulatory Action:

Employing firm when activityoccurred which led to theregulatory action:

Investacorp Inc. and Investacorp Advisory Services, Inc.

Product Type: No Product

Allegations: n/a

Current Status: Final

Resolution: Order

Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct? 9�2021 FINRA. All rights reserved. Report about Andrew J. Fairchild.





Resolution Date: 01/09/2020

Sanctions Ordered:

Regulator Statement On 1/9/2020, the Office of Financial Regulation entered a Final Order adopting theStipulation and Consent Agreement in the matter of Andrew Joseph Fairchild. Mr.Fairchild neither admitted nor denied the findings but consented to the entry offindings by the Office. The Office found that Andrew Joseph Fairchild failed toobserve high standards of commercial honor and just and equitable principles oftrade. Andrew Joseph Fairchild agreed to cease and desist from any and allviolations of Chapter 517, F.S. and the administrative rules thereunder; and to payan administrative fine of $10,000. The Office agreed to approve Mr. Fairchild' sapplications as an associated person with Newbridge Securities Corp. andNewbridge Service Group, Inc. effective 1/9/2020. Andrew Joseph Fairchild'sregistration with Newbridge Securities Corp. is subject to a two (2) year registrationagreement.

Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?

No

Cease and DesistCivil and Administrative Penalty(ies)/Fine(s)Other: Associated person (AG) registration with Newbridge Securities Corp. issubject to a two (2) year registration agreement.

Monetary Related Sanction: Civil and Administrative Penalty(ies)/Fine(s)

Total Amount: $10,000.00

Portion Levied againstindividual:

$10,000.00

Date Paid by individual: 01/09/2020

Was any portion of penaltywaived?

No

Amount Waived:

Monetary Sanction 1 of 1

Payment Plan:

Is Payment Plan Current:

iReporting Source: Broker







FLORIDA OFFICE OF FINANCIAL REGULATION

Sanction(s) Sought: Cease and DesistCivil and Administrative Penalty(ies)/Fine(s)


Docket/Case Number: 97544-S


INVESTACORP INC. AND INVESTACORP ADVISORY SERVICES, INC.

Product Type: No Product

Allegations: N/A


Resolution: Order


Sanctions Ordered:


No

Cease and DesistCivil and Administrative Penalty(ies)/Fine(s)Other: ASSOCIATED PERSON (AG) REGISTRATION WITH NEWBRIDGESECURITIES CORP. IS SUBJECT TO A TWO (2) YEAR REGISTRATIONAGREEMENT.




$10,000.00



Payment Plan:







Broker Statement On 1/9/2020, the Office of Financial Regulation entered a Final Order adopting theStipulation and Consent Agreement in the matter of Andrew Joseph Fairchild. Mr.Fairchild neither admitted nor denied the findings but consented to the entry offindings by the Office. The Office found that Andrew Joseph Fairchild failed toobserve high standards of commercial honor and just and equitable principles oftrade. Andrew Joseph Fairchild agreed to cease and desist from any and allviolations of Chapter 517, F.S. and the administrative rules thereunder; and to payan administrative fine of $10,000. The Office agreed to approve Mr. Fairchild' sapplications as an associated person with Newbridge Securities Corp. andNewbridge Service Group, Inc. effective 1/9/2020. Andrew Joseph Fairchild'sregistration with Newbridge Securities Corp. is subject to a two (2) year registrationagreement.


No

Amount Waived:

Disclosure 2 of 2

i

Reporting Source: Regulator


FINRA

Sanction(s) Sought:


Docket/Case Number: 2018060848101


Investacorp Inc.

Product Type: Annuity-Variable

Allegations: Without admitting or denying the findings, Fairchild consented to the sanctions andto the entry of findings that he impersonated customers of his member firm inmultiple recorded telephone calls to a company requesting redemptions of fundsfrom variable annuity products the customers had purchased. The findings statedthat Fairchild impersonated the customers to circumvent the company's policypermitting only customers to request redemptions over the telephone. All of thecustomers authorized the transactions, and the company properly processed theredemptions and distributed the funds directly to the customers.


Resolution:12�2021 FINRA. All rights reserved. Report about Andrew J. Fairchild.




https://www.finra.org/rules-guidance/oversight-enforcement/finra-disciplinary-actions?search=2018060848101


Resolution: Acceptance, Waiver & Consent(AWC)


Sanctions Ordered:


No

Civil and Administrative Penalty(ies)/Fine(s)Suspension

If the regulator is the SEC,CFTC, or an SRO, did theaction result in a finding of awillful violation or failure tosupervise?

No

(1) willfully violated anyprovision of the SecuritiesAct of 1933, the SecuritiesExchange Act of 1934, theInvestment Advisers Act of1940, the InvestmentCompany Act of 1940, theCommodity Exchange Act, orany rule or regulation underany of such Acts, or any ofthe rules of the MunicipalSecurities Rulemaking Board,or to have been unable tocomply with any provision ofsuch Act, rule or regulation?

(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or






(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or

(3) failed reasonably tosupervise another personsubject to your supervision,with a view to preventing theviolation by such person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board?

Capacities Affected: All Capacities

Duration: two months

Start Date: 01/06/2020

End Date: 03/05/2020

Sanction 1 of 1

Sanction Type: Suspension









$7,500.00



No

Amount Waived:


Payment Plan: deferred


iReporting Source: Broker


FINRA

Sanction(s) Sought:


Docket/Case Number: 2018060848101


INVESTACORP INC.


Allegations: Without admitting or denying the findings, Fairchild consented to the sanctions andto the entry of findings that he impersonated customers of his member firm inmultiple recorded telephone calls to a company requesting redemptions of fundsfrom variable annuity products the customers had purchased. The findings statedthat Fairchild impersonated the customers to circumvent the company's policypermitting only customers to request redemptions over the telephone. All of thecustomers authorized the transactions, and the company properly processed theredemptions and distributed the funds directly to the customers.


Resolution: Acceptance, Waiver & Consent(AWC)






https://www.finra.org/rules-guidance/oversight-enforcement/finra-disciplinary-actions?search=2018060848101



Sanctions Ordered:


No

Civil and Administrative Penalty(ies)/Fine(s)Suspension

Capacities Affected: ALL CAPACITIES

Duration: TWO MONTHS

Start Date: 01/06/2020

End Date: 03/05/2020

Sanction 1 of 1

Sanction Type: Suspension




$7,500.00

Date Paid by individual:


No

Amount Waived:


Payment Plan: DEFERRED







Employment Separation After Allegations

This type of disclosure event involves a situation where the broker voluntarily resigned, was discharged, or was permitted to resign after beingaccused of (1) violating investment-related statutes, regulations, rules or industry standards of conduct; (2) fraud or the wrongful taking ofproperty; or (3) failure to supervise in connection with investment-related statutes, regulations, rules, or industry standards of conduct.

Disclosure 1 of 1

Reporting Source: Broker

Employer Name: Investacorp

Termination Type: Permitted to Resign

Termination Date: 12/06/2018

Allegations: Representative placed calls to Annuity company to request withdrawals for clientsto be sent to their accounts.







Financial - Final

This type of disclosure event involves a bankruptcy, compromise with one or more creditors, or Securities Investor Protection Corporationliquidation involving the broker or an organization/brokerage firm the broker controlled that occurred within the last 10 years.

Disclosure 1 of 1

Reporting Source: Broker

Action Type: Compromise

Action Date: 08/20/2012

Organization Investment-Related?

Action Pending? No

Disposition: PERMITTED TO SHORT SALE HOME

Disposition Date: 08/20/2012

Name of Creditor: BANK OF AMERICA, NA SUCCESSOR BY MERGER TO BAC HOME LOANSSERVICING, LP

Original Amount Owed: $565,322.00

Terms Reached with Creditor: PERMITTED TO SHORT SALE HOME, LEAVING $247,214.00 AS ACOMPROMISE WITH THE CREDITOR, BAC.

If a compromise with creditor,provide:






End of Report

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Andrew Joseph Fairchild

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